Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2025

Changes in "Accumulated other comprehensive income (loss)" by component were as follows for the three and nine months ended September 30, 2025:


	Three Months						Nine Months
(in millions)	Before Tax Amount		Tax Effect		Net of Tax Amount		Before Tax Amount		Tax Effect		Net of Tax Amount
Foreign currency translation adjustments:
Beginning balance	$	40	$	6	$	46	$	(261)	$	7	$	(254)
Change in foreign currency translation adjustments	(38)		(3)		(41)		263		(4)		259
Ending balance	$	2	$	3	$	5	$	2	$	3	$	5
Unrealized gains (losses) on cash flow hedges:
Beginning balance	$	17	$	(4)	$	13	$	(34)	$	9	$	(25)
Unrealized (losses) arising during the period	(100)		25		(75)		(56)		14		(42)
Reclassifications of net losses to:
Cost of revenues	11		(3)		8		17		(4)		13
SG&A expenses	1		—		1		2		(1)		1
Net change	(88)		22		(66)		(37)		9		(28)
Ending balance	$	(71)	$	18	$	(53)	$	(71)	$	18	$	(53)
Unrealized gains (losses) on defined benefit plans:
Beginning balance	$	(19)	$	3	$	(16)	$	(20)	$	3	$	(17)
Amortization of loss on defined benefit plans	—		—		—		1		—		1
Ending balance	$	(19)	$	3	$	(16)	$	(19)	$	3	$	(16)
Accumulated other comprehensive income (loss):
Beginning balance	$	38	$	5	$	43	$	(315)	$	19	$	(296)
Other comprehensive income (loss)	(126)		19		(107)		227		5		232
Ending balance	$	(88)	$	24	$	(64)	$	(88)	$	24	$	(64)

Changes in "Accumulated other comprehensive income (loss)" by component were as follows for the three and nine months ended September 30, 2024:


	Three Months						Nine Months
(in millions)	Before Tax Amount		Tax Effect		Net of Tax Amount		Before Tax Amount		Tax Effect		Net of Tax Amount
Foreign currency translation adjustments:
Beginning balance	$	(186)	$	8	$	(178)	$	(109)	$	5	$	(104)
Change in foreign currency translation adjustments	207		(1)		206		130		2		132
Ending balance	$	21	$	7	$	28	$	21	$	7	$	28
Unrealized gains (losses) on cash flow hedges:
Beginning balance	$	37	$	(9)	$	28	$	13	$	(3)	$	10
Unrealized (losses) gains arising during the period	(13)		3		(10)		15		(4)		11
Reclassifications of net gains to:
Cost of revenues	(5)		1		(4)		(8)		2		(6)
SG&A expenses	—		—		—		(1)		—		(1)
Net change	(18)		4		(14)		6		(2)		4
Ending balance	$	19	$	(5)	$	14	$	19	$	(5)	$	14
Accumulated other comprehensive income (loss):
Beginning balance	$	(149)	$	(1)	$	(150)	$	(96)	$	2	$	(94)
Other comprehensive income (loss)	189		3		192		136		—		136
Ending balance	$	40	$	2	$	42	$	40	$	2	$	42